Skilled shortages in America exist because we are shielding our skilled labor force from world competition. [Visa quotas] have been substituted for the wage pricing mechanism.
ALAN GREENSPANAnd she always has so much fun doing it. We make a good team.
More Alan Greenspan Quotes
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But material success is possible in this world and far more satisfying when it comes without exploiting others.
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Indeed, better risk management may be the only truly necessary element of success in banking.
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In an economy that already has lost some momentum, one must remain alert to the possibility that greater caution and weakening asset values in financial markets could signal or precipitate an excessive softening in household and business spending.
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Greenspan, who knew so much more than most, knew far less than most supposed.
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I think that real pressure is going to occur not by the initiation by the Federal Reserve, but by the markets themselves.
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If we are to remain preeminent in transforming knowledge into economic value, America’s system of higher education must remain the world’s leader in generating scientific and technological breakthrough, and in meeting the challenge to educate workers.
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We are in the midst of a once-in-a-century credit tsunami. Central banks and governments are being required to take unprecedented measures.
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An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions.
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Then fear hits, and it comes down very sharply. When I started to look at that.
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Unfortunately, Senator, nobody knows where the next innovative idea is coming from.
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Whatever you tax you get less of.
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Excessive optimism shows the seeds of its own reversal in the form of imbalances that tend to grow over time.
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How do we know when irrational exuberance has unduly escalated asset values?
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Capitalism is based on self-interest and self-esteem; it holds integrity and trustworthiness as cardinal virtues and makes them pay off in the marketplace, thus demanding that men survive by means of virtue, not vices.
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I love facts and figures. It’s like following a detective story, piecing together what’s going on in the economy.
ALAN GREENSPAN